David Gavaghan has resigned from Quintain Estates and Developments’ board “by mutual agreement to pursue new opportunities”.
A statement from the developer and fund manager said Gavaghan will leave the company on 15 May and his duties as head of fund management will revert to Adrian Wyatt.
It added that Wyatt will be supported by the executive directors and the specialist asset managers who work at the individual fund level.
Quintain chairman William Rucker said: “On behalf of the board I would like to thank David for his contribution to the company.
“He has played a key role in the delivery of 40% growth in assets under management and the disposal of two significant assets – Corsham Street and the student accommodation scheme at Wembley – in line with the group’s strategic objectives and operational milestones. We wish him every success in the future.”
Gavaghan said: “It has been an honour to work with the senior management of Quintain. I am proud to have led the outstanding fund management team in delivering substantial growth against a backdrop of challenging markets and I look forward to following their future success.”
bridget.oconnell@estatesgazette.com
